Crime Blog

Allen man pleads guilty to mail fraud in real estate scheme

An Allen man pleaded guilty Tuesday to mail fraud, according to the U.S. Attorney’s Office for the Eastern District of Texas.

Marcus Brian Curry, 35, entered his plea in federal court in Plano. He faces up to 20 years in federal prison. A sentencing date has not been set.

Curry owned and operated South Coast Group L.P., an Allen real estate company. Prosecutors say Curry operated a scheme from June 2006 to February 2014 that defrauded homeowners. They say he solicited distressed homeowners through mail advertisements and convinced them to protect their credit by transferring the title to their homes to him. He in turn promised to make their mortgage payments but ended up selling the home to someone else. He financed the new mortgage himself, collecting payments from the new owners in a private mailbox he controlled, prosecutors say.

As a result of his scheme, Curry caused a loss to homeowners, buyers and lending institutions of more than $2.3 million, according to court documents.

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Criminal justice reporters, editors and invited guests provide news and analysis impacting Dallas-area police, courts, fire and other public safety issues and entities. Readers are encouraged to join the conversation.